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California Debt Collection Advisory Committee Hosts End-of-Year Meeting

The committee’s second meeting since it was established under California law will follow up on a July discussion about debt collection licensing, consumer communications and more.

12/08/2021 2:30 PM

1.5 minute read

ACA International members will be a part of the second California Debt Collection Advisory Committee meeting Dec. 16. The group was established under the state’s debt collection law in 2020.

ACA members on the committee include Scott Hyman, attorney with Severson & Werson PC; Mark Naiman, president of Absolute Resolutions Corp.; Cindy Yaklin, president of States Recovery Systems Inc. and the California Association of Collectors Inc. (CAC); Tamar Yudenfreund, senior director, public policy at Encore Capital Group and chair of ACA’s federal affairs committee; and Ohad Samet, president of TrueAccord Corp.

The diverse group includes a consumer advocate and representatives from the debt collection, debt buying, third-party collection, and collection law industries.

One of the roles of the seven-member committee was to provide critical feedback to the Department of Financial Protection and Innovation (DFPI) on its debt collection licensing program. The committee will also advise the DFPI on matters related to the debt collection business, including proposed fee schedules and other requirements.

Additional committee members include Elizabeth Gonzalez, directing attorney with the Consumer Law Unit at the Public Law Center, and Prasad Krishnamurthy, professor of law at the University of California Berkeley School of Law.

The committee’s first meeting in July focused on technology in the debt collection process, licensing, DFPI research on consumer communications and making sure the department understands the processes used for agencies collecting consumer debt.

To register for the committee meeting at 3 p.m. PDT Dec. 16, visit the DFPI’s website.

 

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